WAR DEBTS TO AMERICA

Evening Post, Volume CXVII, Issue 112, 14 May 1934, Page 9

WAR DEBTS TO AMERICA

NO GENERAL CONFERENCE

ONLY SEPARATE PARLEYS

WASHINGTON, May 12. President Eoosevelt made it clear on Friday that he was opposed to participation in any general conference to consider the settlement of the world's debts.

At White House it was authoritatively explained that, while the "United States was perfectly willing to enter any discussion! concerning revision or readjustment of the existing debt funding agreement with any single nation, the United States would not join in any general discussions.. . . ~

President Eoosevelt has left the door open for any suggestions from individual debtor nations, and there is still in high official circles the expectation that some hitherto undisclosed move will be made- oith-er abroad or in Washington to break the apparent war debts deadlock. The President still feels that the United States has laid down no rigid, allembracing policy. President Eoosevelt, replying to a question by correspondents at the regular Press conference today, declared that he would not approve of any general conference on war debts, although "intimations from London were current that Britain and other debtor nations would welcome an international discussion to clarify the situation.

The President declared that his debt policy was unchanged. He added that he would send his debt message to Congress within ten days and, pending this, he had no statement to make concerning the situation which impends in Juno when 174,000,000 dollars become due.